I just purchased a 21 unit apartment complex with a lot of problems. I started cleaning it up - 3 unit evicted in the first month and two more in the way - all of them professional tenants. But this month I got a new ...
I allowed a tenant to have pets (3 small dogs), with a pet deposit of $300. He was the first tenant in a newly renovated unit with refinished wood floors. After several visits in which I found feces on the floor, a gr...
Hi all, I put an offer in on a 1968 Duplex in North Texas. Plenty of upside and potential for rents to go up with rehabs required on both sides. Offer was accepted and I went under contract. Idea here is FHA loan, li...
I have a tenant in The house for 2 months.She just told me that she is suffering from cancer.She is the only bread earner in the house. I can see potential trouble.I want to be nice. I am a good soul but also want to...
This is my first post but I've been a member for several years. I always browse through for the latest trending topics or to find answers to some of my investment questions. This site has always been a great resource ...
I think we've had some success which has been a combination of hard work and some fortuitous timing. We own 6 rentals, about to become 8 (already own the 2 others but they are coming online in next 2-4 months).1 of t...
Hi, all.Just signed a contract on my very first property today. To give you some info on the property. It sits on an acre lot in an older neighborhood (variety of houses of different sizes). Has been on the market for...
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...
Hi there, I am looking for my first House Hacking investment and planning to use an FHA loan, I am currently located in Chicago, IL.
Question 1: Can I apply for FHA under my name, live in one unit and then, rent th...